Question 1. Assume that the company received $50,000 from a bank as a loan (cash from creditors). Which of the following choices accurately reflects how this event would affect the company's financial statements Balance Sheet Income Statements Statement of Cash Flows Assets Liabilities Accounts Accounts Cash receivables Payable Notes Payable Stockholders' Equity Common Stock Retained Earnings Revenue $ 50,000+ + $ 50,000+ S 50,000+ B + $ 50,000 . . $ 50,000 C Expense Net Income $ 50,000 OA + $ 50,000 $50,000 5 50,000 $50,000 OA $50,000 FA $ 50,000 D 1 50,000+ $ 50,000 FA Question 2. The transactions with annual subscribers will be captured in Team Snap's accounting records mainly in the following account: A. Accounts receivable. B. Unearned revenue C. Prepaid expenses D. Investments Question 3. The company collected $27,000 on May 30, 2017 for 12 months of service which will take place from June of 2017 through May of 2018. Please select the answer that reflects how each of the relevant accounts will be affected by this transaction; Balance Sheet Income Statements Assets Cash Accounts receivables Accounts Unsamed Payable Stockholders Equity Commen Stock Statement of Cash Flows Retained Earnings Revenue Expense Net Income $ 27,000 $ (27,000) . ' 27,000 $27,000 27,000 27.000 27,000 27.000 . C 27,000 27.000 D 127000 27,000 OA $27,000 OA $ 27.000 OA $27,000 FA 27,000 + 27000 27.000 27,000 27,000 OA Question 4 The company collected $27,000 on May 30, 2017 for 12 months of service which will take place from June of 2017 through May of 2018. As a result of this transaction, on May 30th Team Snap's accounting equation is affected. How? Assets increased, decreased or remained unchanged? Liability increased, decreased or remained unchanged? Equity increased, decreased or remained unchanged?